Discover and read the best of Twitter Threads about #CURRENCY

Most recents (24)

All categories of #mutualfunds (including ETFs) would be covered under #stampduty charges for units issued in demat & non-demat form. It will cover equity, derivatives & currency trades. Stamp Duty = Direct Tax levied by the govt. u/s 3 of Indian Stamp Act, 1899. @AmarUjalaNews
#StampDuty charges:

Equity (delivery) - 0.015% or ₹1,500 per crs on buy-side

#Equity (intra-day) - 0.003% or ₹300 per crs

#Futures (equity & #commodity) - 0.002% or ₹200 per crs

#Options (equity & commodity) - 0.003% or ₹300 per crs

#Currency - 0.001% or ₹10 per crs
- The #stampduty will also be applicable on #AlternativeInvestmentFunds (AIFs)

- Impact is more on the short term #investments by the #investors

- No stamp duty on #redemption of #mutualfund units.

- Impact at #portfolio level too i.e when fund manager executes transaction.
Read 7 tweets
Why Hong Kong is important for China !! See the statistics for yourself !!
1530 multinationals have their regional headquarters in Hong Kong according to the Hong Kong government (InvestHK, 2019). This is an increase of two-thirds since 1997.
In 2018, United States- based companies had the largest number of regional headquarters (290) and regional offices (434) in Hong Kong, followed by Japanese and Mainland Chinese firms (Census and Statistics Department, 2018b).
Read 19 tweets
1/n

"If we continue this #jingoism, when #Bitcoin surpasses #fiatmoney, for a large section of #peoples, it will just be one kind of currency they didn't understand replaced by another #currency they don't understand. Was that what #Satoshi would've wanted?"

- @nonnis_luciano
2/n

On that note, @d_xone brings to you 10 #Bitcoin proponents that take the pains to explain what goes on behind the curtain in true #feynman style.

Do you follow them all? If not, what are you waiting for?

#LearningNeverStops
3/n

At #10 is @Bitcoin - Clocking in at 1M #followers, this takes the #10 spot. Been advocating #BTC and exposing shills longer than everybody else, @Bitcoin is the real #OG. When it comes to bitcoin #maximalism, this one takes the cake.

Latest Tweet:
Read 13 tweets
#Iran #Teheran #Currency #Rial

In response to rampant inflation, Iran is cutting four digits from its local currency. The project, which was announced last year, has now been approved by Parliament, as the ISNA news agency reports.
In addition, the name of the currency is changed from Rial to Toman. This is already widespread among the population, with one toman corresponding to ten rials. The deletion has been discussed since 2008.
The idea gained popularity after new sanctions were imposed on Iran in 2018 under US President Donald Trump. This hit the rial hard, it has now lost more than 60 percent in value. The hyperinflation repeatedly led to protests.
Read 6 tweets
In the future, we will (have to) talk about a #wealth tax to pay for the economic and fiscal fallout of #Covid19. Germany had a massive one after #WW2. Here is how it worked. /thread
After WW2, Germany faced many challenges. One was, how to compensate those who had lost wealth because of #war damage, #currency reform in 1948, expropriation or eviction from the East. /2
Currency reform had reduced financial assets considerably. Everyone could exchange 60 #Reichsmark into 60 D-Mark. Wages and rents were converted 1:1. But savings were devalued heavily. For example, 1000 RM to just 65 D-Mark. /3
Read 12 tweets
Am thinking it’s time for another #museum #TwitterTour—get ready....Catch the wave 🌊 & get ready for #Hokusai at the @smithsonian @FreerSackler #FreerSackler & a stop at @SIGardens 🇺🇸🇯🇵 #MadAboutHokusai Hokusai: Mad about Painting #北斎 
👉asia.si.edu/exhibition/hok…
🐉🤳 ImageImageImageImage
Have a read: a timeline of the man behind the iconic 🌊 #wave.
#MadAboutHokusai #JapaneseArt #Hokusai @FreerSackler

DYK: Hokusai Katsushika (d. 1849) created his most striking works after he turned 80 (& lived to 90). 🙌 #thefutureofaging @MIAging @Paul_Irving1 @psb_dc 🖖 #北斎 ImageImageImageImage
DYK: #Japan's passports will now feature iconic artwork from the legendary artist #Hokusai.

Learn more about his influential work via the @FreerSackler's #MadAboutHokusai exhibit, featuring over 120 works on display until Nov 8th! #北斎 @JapanEmbDC
washingtonpost.com/entertainment/…
Read 15 tweets
My current #Working #Research #Topic: "A Review of the #CommonMonetaryArea of #SouthernAfrica: Are Client Countries Better-off De-Linking from the #Anchor #Economy?". I'm using #OptimumCurrencyArea #OCA #Theory to analyse the #CMA arrangement. Draft will be ready January end..!
The #CommonMonetaryArea of #SouthernAfrica or #CMA could seem to some (mostly the technically inclined) to be a no-brainer & a clear natural #OptimumCurrencyArea given the historical links between the #anchor #SouthAfrica & the #clients (#Lesotho #Eswatini & #Namibia)...
Be that as it may, 2020 marks 46 years since the #RandMonetaryArea - #RMA agreement and 34 years since the RMA was revised to establish the #CommonMonetaryArea - #CMA between #SouthAfrica, #Lesotho, Swaziland (now, #Eswatini) and #Namibia...
Read 10 tweets
WTF!

Did the leader of the #UN say the #Holocaust didnt start with the #gas #chambers? So why dont you say when it did start? As the world ignored that #jews get hunted once again in #history.The mass #murrder begun with the gas the murrder of the #Nazi time begun with the Nazis
as it was announced that #Hitler took power what did you think happened? The #GESTAPO the secruity poliece of the Nazi hijaked and murrdered thousend of people mainly journalists and people witch fought in the ressistance to save the Weimar republic wich was doomed with the birth
because of the treaty of #Versailles and how you let the situation happen. People wich are #starving, #poor and have no #currency wth worth and nations occupied the industrial area of the #Rheinland, wich was the only one in #Germany.
Read 11 tweets
My 116 favorite quotes from Money: Sound and Unsound, by Joseph.T. Salerno (2015)
@jtsale @mises #AustrianEconomics #SoundMoney
1. “The idea of sound #money was present from the very beginning of modern monetary theory in the works of the 16th-century Spanish #Scholastics who argued against debasement of the coinage by the king on ethical and economic grounds”
J.T.Salerno
2. “It was #Fisher and not #Keynes who was the true founder of modern macroeconomics with its aggregative reasoning and its central notion of politically managed fiat money”
J.T.Salerno
Read 118 tweets
#BREAKING: And My Reports On #Turkey- #Syria Op, Based On My High-Level Sources, Now All Confirmed: #Russia’s #Putin Says #Turkey Ops In #Syria will end very soon!!!- - -
voanews.com/europe/kremlin…
Here are a few #Flashbacks from my #Turkey-#Syria Op Coverage- Reporting From #Turkey where I’m currently based: See Dated Screenshots
Read 37 tweets
Urging Calm Amidst Hysteria On #Turkey #Syria- 1- Without explicit green-light from #USA it will be a very limited (for show) maneuver; 2- This is being used here in #Turkey for temporary political gain (uniting the opposition with current admin); 3- #Russia also has put limits
Take in the macro picture (Forest instead of the trees): A major offensive by #Turkey is opposed by: #USA #Syria #Russia & #Iran. Only a brief limited muscle-flexing show is allowed. #GeopoliticalTheater
Here it is #Turkey “Still Preparing”. For the last 5 days, 1 minute they say “we are going in shortly, as in the next 24 hrs”, the next minute “we are preparing” or “we are waiting for XYZ ...”. The written on stone “Sep 30” deadline in #Syria expired 9 days and 11 hrs ago.
Read 85 tweets
My 140 favorite quotes from The Ethics of Money Production (2008), by Jörg Guido Hülsmann
1. #Money is omnipresent in modern life, yet the production of money does not seem to warrant any moral assessment”. J.G.Hülsmann
2. “To be sure, central bank representatives are lecturing the public on the importance of business #ethics; but their concerns do not seem to apply to themselves”. J.G.Hülsmann
Read 142 tweets
1/ AT ONE TIME, EVERY PIECE OF #PAPER MONEY WAS BACKED BY #GOLD. REMEMBER… FOR EVERY 20 DOLLAR BILL… THERE WAS $20 WORTH OF GOLD IN A #GOVERNMENT VAULT. NOT ANYMORE.

TODAY, GOVERNMENTS CREATE #CURRENCY BY FIRST CREATING BONDS OR TREASURY-BILLS.
2/
THESE #BONDS ARE SOLD IN THE #MARKET… GENERATING FUNDS FOR THE GOVERNMENT THAT ISSUED THEM.

LARGE #BANKS BUY U.S. BONDS TO FLIP THEM… SELLING THEM TO THE #FEDERAL RESERVE AT A PROFIT -- THIS IS THE MAGIC MONEY MACHINE. #FED
3/ YOU SEE… THE FED IS AMERICA’S #CENTRALBANK. BUT IT DOESN’T HAVE ANY MONEY, NO #CASH ON ITS BALANCE SHEETS.

WHEN A BANK BUYS A BOND AND TAKES IT TO THE FEDERAL RESERVE, THE FED SIMPLY SAYS “THANK YOU MR. BANKER, HERE’S THE PRINCIPAL AND SOME #PROFIT.”
Read 12 tweets
#CBOE #VIX #volatility index, also known as #WallStreet's "fear gauge" records biggest one-day spike in 10 months
MSCI’s All-Country World Index, which tracks #shares across 47 countries, fell for a six straight day on Monday - marking its longest losing streak this year.
Read 10 tweets
#Geopolitical Code “Red”:1- No coverage of #Jeffrey Meeting in #Turkey Today; 2- No official response from #Turkey on recent rumors re: #Erdogan Heart-Attack;3- Sudden Anti-#Russia media reports in Turkey on #Idlib #Syria; 4-Increased media PsyOp on Turkey by #Israel #UAE #Saudis
Those of you who’ve been following my long-Pinned thread covering #Turkey #Russia #S400 #Idlib #USA know about my Warning re: “The Calm Before the Storm” in the last week or so. Strange developments & activities have picked in the last 24 hrs. All eyes on #Turkey #Idlib #Russia
Also, those of you who followed my #Turkey #Coup warnings 6-8 months prior to the #AttemptedCoup: Eyes on Turkey. As in earthquake-watch System I’ve been tracking all note-worthy Activities & Developments On The Ground In Turkey. Peak activities & signs in the last 24 hrs.
Read 90 tweets
BREAKING!- “Turkey’s S-400 Deal Helps China Neutralize Gladio B’s Uyghur Channel” By Sibel Edmonds via Newsbud #OpGladioB #Turkey #NATO #S400 #Erdogan #China #Xinjiang bit.ly/2FYzeE5
“Did Turkey Deal the Nuclear Card against US-NATO Operation Gladio B Targeting China via Xinjiang Uyghurs?” by Sibel Edmonds Find Out here via #Newsbud #Turkey #China #OpGladioB bit.ly/2FYzeE5
“After Playing Operation Gladio B’s Main Artery into China’s Xinjiang #Turkey Says Enough to #USA #NATO with A New China Deal. Is This Why the West’s Eerie Silence on latest #S400?” By Sibel Edmonds via #Newsbud bit.ly/2FYzeE5
Read 16 tweets
“The process of #centralization has resulted in #monetary disintegration :”… (1/6)
Democracy: The God That Failed
“… the destruction of the former international commodity (gold) #money standard and its replacement with a #dollar-dominated system of freely fluctuating government paper monies, i.e., a global, U.S.-led government counterfeiting cartel” (2/6)
“However, a system of freely fluctuating paper currencies – the Friedmanite-#monetarist ideal – is strictly speaking no monetary system at all. It is a system of partial barter -dysfunctional of the very purpose of #money of facilitating rather than complicating exchange” (3/6)
Read 6 tweets
Less than 48 hrs to #IstanbulElection: Tension High.Last Minute Rash #AKP #PKK Move. No major changes in #Turkey #Currency in the last 2-week period. The “Real” Deals & Moves On #Russia #S400 after the elections (around end of June- Early July.Reporting from Turkey @sibeledmonds
Kurdish militant leader tells Kurds to stay neutral in #Istanbul #election news.yahoo.com/kurdish-milita… via @Yahoo
Via @ragipsoylu on #AKP efforts to galvanise Kurds in #Istanbul #election:

• Permitting Ocalan 2 meet his lawyers
• Candidate’s visit 2 Diyarbakir
• Describing parts of #Turkey as Kurdistan
• Leaking Ocalan note that calls neutrality in election
• Barzani invited 4 a visit
Read 6 tweets
With this from yesterday )See here: “How Greece Became One of America’s—and Israel’s—Closest Allies” washingtonmonthly.com/2019/06/18/how…) what do U expect?! #Turkey #Greece #EastMedDrill - - - ”Is U.S. Ambassador to Greece Faithfully Conveying Trump Admin Policy? gatestoneinstitute.org/14408/greece-u…
#Turkey under siege from multi fronts- Testing Times 4 endurance: 1- #EastMedDrill tensions;2- #Idlib #Syria Escalations;3- #USA #S400 #F35 Threats-Pressure; 4- #Saudi #UAE Fallout; 5- #Libya #Hafar Under-The-Radar Developments;6- #Economy #Currency Turmoil. Remain Tall & Strong
Read 7 tweets
Hi #fintwit 😎 We are approaching a watershed moment in markets. Final deflationary phase of Kondratiev's winter is about to play out. Huge implications for #EUR, #Gold, #SP500, #DXY etc. I have some new interesting followers - hence something extra in this week's #HZupdates
#Kondratiev's winter is a period where #Velocity of Money drops which creates a disinflationary economic environment, where growth is subdued due to #debt levels. Since ~2000 we have been in this winter - and are still to see a range of "major economic events" unfold #HZupdates
In fact, we have never left the #Financial #Crisis. We have only been bouncing in the great "Financial and Sovereign Debt Crisis" of this #Kondratiev's winter. This can be observed from the #Deflation Gauges #Copper, #XAU, AUD, EUR. We are about to see wave C develop #HZupdates
Read 21 tweets
Ten #MMT tips to remember on #TaxDay:
1. Federal #taxes don't fund federal spending, so let's #decouple these two important tools.
2. Taxes offset #Government spending.
3. It's a matter of #logic: #dollars must be spent into existence (by the Gov) first, in order for us to use some of those $ to pay taxes
4. #Taxing for #revenue is for local states/municipalities, not the #sovereign issuer of the #currency.
5. Taxing excessive wealth protects #democracy from #Oligarchy and protects us from abusive market power
6. Taxing #pollution & #speculation to reduce such activities, not to "fund" #healthcare and #education.
Read 6 tweets
@Halsrethink @RemainSovereign @TFMetals @BullionStar @jameshenryand @michaellebowitz @dlacalle_IA @DA_Stockman @RonPaul @RonPaulInstitut @MarkTOByrne @MarkYusko @ErikSTownsend @AndrewBellBNN @realDonaldTrump @LouDobbs @Varneyco @MariaBartiromo @gatewaypundit @JeffSnider_AIP @TruthGundlach @epomboy @PaulCraigRobert @LanceRoberts @TheBubbleBubble @POTUS @TayTayLLP @ronanmanly @jimiuorio @MoneyMetals @stranahan When a central banker or economist mentions 'stimulus', they are talking about diluting the currency through debt currency issuance - to create REAL GROWTH.

This is the insanity & silly talk promoted by central bankers globally.

Nobody asks the question.

#centralbanking #gold
Read 55 tweets
#TurkeyElections- Still debating: Should I do a 48-hr countdown updates (This is when, with tense elections like this, “things”, happen).Or Not. Hmmm. We are already seeing “currency manipulation” operations taking place. And the probability of “Other Things” happening is high...
Here’s my #Tweet Of the Day: Pinned. Now it is “Your” Turn to let me know: Respond-Comment, Share-Retweet. This is the Only way you let me know whether: 1- you are an active follower , or, not. 2- The only way using this #twitter forum is meaningful. Now your turn.
#TurkeyElections- Here are the “Blinking Red” Areas: Economy (#Currency Coups?), #Kurdish Tension, #NewZealand-Related Incident (As False Flag?- They did Not raise threat level despite ...), #GolanHeights-Related Developments?) ...
Read 6 tweets
#TurkeyElections- Still debating: Should I do a 48-hr countdown updates (This is when, with tense elections like this, “things”, happen).Or Not. Hmmm. We are already seeing “currency manipulation” operations taking place. And the probability of “Other Things” happening is high...
#TurkeyElections- Here are the “Blinking Red” Areas: Economy (#Currency Coups?), #Kurdish Tension, #NewZealand-Related Incident (As False Flag?- They did Not raise threat level despite ...), #GolanHeights-Related Developments?) ...
#TurkeyElections- In Case you haven’t seen it: here’s why #NeeZealand “Blinking Red” as a potential “Pretext” for #FlaseFlag situation. Despite “all” indicators no rise in threat-level in #Turkey. Will it be used right before the elections?? via @YouTube
Read 7 tweets

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